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. What are the key calculations needed in order to encounter a box plot?
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Answer #1

Box Plot is used to identify the spread of the data.

We have 5 characteristics of a box plot

1. Range : Max value in the data set - Minimum value

2. Q1: Quartile 1 which is the measure summarizing the mean of the first 25% of the observations

3. Median- Middle most value

4. Q3: Quartile 3 or the measure summarizing the median if the last 25% of the observations

5. IQR: Inter Quartile Range : Q3-Q1

If any data point is 1.5IQR away from median then it is an outlier

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